[Form 4] Epsilon Energy Ltd. Insider Trading Activity

Rhea-AI Filing Summary

Epsilon Energy Ltd. (EPSN) – Form 4 insider filing

Chief Executive Officer and Director Jason Stabell reported the automatic issuance of restricted stock that vested on 1 July 2025. Two separate grants became unrestricted:

• 6,098 common shares from a 1 July 2022 award (footnote 1)
• 18,727 common shares from a 1 July 2023 award (footnote 2)

The transactions are coded “A” (acquisition) and were executed at $0, reflecting share issuance rather than market purchases.

Following these events, Stabell’s direct holdings increased to 271,671 common shares. He also reports 470,339 shares held indirectly through an LLC, bringing his total disclosed beneficial ownership to roughly 742,010 shares.

No derivative securities were involved, and there were no dispositions. Because the shares stem from previously approved compensation plans, the filing signals continued equity alignment but does not reflect an incremental cash investment by the insider.

Positive

• Increase in CEO direct ownership from 246,846 to 271,671 shares, reinforcing equity alignment with shareholders.

Negative

• Shares were issued at $0; absence of open-market purchases limits the strength of any bullish signal.

Insights

Securities Analyst

TL;DR – CEO received 24,825 vested shares; no cash purchase, neutral signal.

The Form 4 shows routine vesting of two restricted-stock grants totalling 24,825 shares. The acquisitions are non-market, zero-cost issuances and therefore do not convey the typical conviction of an open-market purchase. Direct ownership rises 10 %, while total beneficial ownership now exceeds 0.7 million shares. From a trading-signal perspective, the event is neutral: it neither adds selling pressure nor represents a paid-up vote of confidence. Liquidity impact on EPSN’s float is negligible.

Corporate Governance Expert

TL;DR – Filing confirms equity-based pay alignment; governance unchanged.

The vesting demonstrates that EPSN’s long-term incentive plan is functioning as designed, transferring stock to executives after the three-year cliff periods. Stabell’s enlarged stake may strengthen shareholder-management alignment, yet no new compensation decision was taken—this merely executes pre-existing awards. There are no indications of accelerated vesting, option repricing, or other governance concerns. Overall governance impact is not material.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stabell Jason

(Last) (First) (Middle)

500 DALLAS ST., SUITE 1250

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Epsilon Energy Ltd. [ EPSN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/01/2025		A(1)		6,098(1)	A	$0	252,944	D
Common Shares	07/01/2025		A(2)		18,727(2)	A	$0	271,671	D
Common Shares								470,339	I	BY LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These common shares were acquired as a restricted stock grant on 07/01/2022. They vested and issued on 07/01/2025.

2. These common shares were acquired as a restricted stock grant on 07/01/2023. They vested and issued on 07/01/2025.

	/s/ Jason Stabell	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many EPSN shares did CEO Jason Stabell acquire on 1 July 2025?

He acquired 24,825 common shares (6,098 + 18,727) through the vesting of restricted stock awards.

What is Jason Stabell's total beneficial ownership after the transaction?

Stabell now beneficially owns 271,671 direct shares and 470,339 indirect shares, totalling about 742,010 shares.

Were the shares purchased on the open market?

No. The shares were issued at $0 upon vesting of earlier restricted stock grants, not bought on the market.

Did the Form 4 report any share sales by the CEO?

No. The filing only reports acquisitions; there were no dispositions.

Are any derivative securities (options or warrants) involved?

No derivative securities were reported in Table II of the Form 4.